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In line with the previously communicated commitment by the company to evaluate the governance of the current board composition, Panalpina announces that Peter Ulber will not stand for re-election as chairman of the board at the next Annual General Meeting on 9 May 2019.

Panalpina brings to the market another industry first with the Less than Container Load (LCL) Ocean Freight hub in Cartagena, Colombia, which connects services in Europe, Asia and Latin America with Central America and the Caribbean. Operated entirely by Panalpina, this new development offers customers more than 30 new LCL services, reduced transit times and greater coverage.

Around the same size as 4,000 football pitches, Benban Solar Park in Egypt will be the biggest solar power installation in the world when it opens. In line with its efforts in the renewables sector, Panalpina will bring in its global expertise in capital projects to deliver the plant’s components and panels.

Panalpina was recently called in for help by one of its largest oil and gas customers in Angola to avoid a shutdown at one of their main offshore platforms. A critical cargo of specialized pipes, bundles and racks had had to be moved from Malabo in Equatorial Guinea to Cabinda, Angola in a port-to-port operation, and Panalpina deployed its African Star to save the day.